Record surge in auto loans, here's why

The aggregate growth in the vehicle loan portfolio of banks began only in Q2 FY23 after showing a decline in the year-ago period. According to RBI data, vehicle advances of commercial banks grew 18 per cent year-on-year at the end of June 2022. In the same period last year (June 2021), disbursal of vehicle loans declined by 3.5 per cent. Read the full story here: https://www.thehindubusinessline.com/money-and-banking/banks-see-record-growth-in-vehicle-loans-in-q3/article66503621.ece --- Send in a voice message: https://podcasters.spotify.com/pod/show/business-line/message